Core Insights - Amazon's entry into nuclear energy highlights the maturation of Small Modular Reactor (SMR) technology, which is becoming more accessible and cost-efficient for large tech companies [1] - Major tech firms like Amazon, Microsoft, and Google are adopting SMR technology to meet the high power demands of AI data centers, which consume significantly more energy than previous technologies [2] Company Overview - NuScale Power is the only U.S.-regulated SMR developer, with its NuScale Power Module capable of producing 77 megawatts of power, scalable through the VOYGR production plant technology [3] - NuScale has not yet generated significant revenue but is expected to ramp up sales by 2025, with a recent deal to build two facilities for Standard Power [4] Market Forecast - Analysts have a 12-month stock price forecast for NuScale Power at $10.39, indicating a potential downside of 45.47%, despite a "Moderate Buy" rating [5] - Institutional support is growing, but ownership remains low at 15%, with high short interest potentially leading to volatility in stock prices [6] Technical Analysis - NuScale Power shares surged over 40% following Amazon's announcement, breaking critical resistance levels, indicating a bullish market outlook [7]

Amazon is making waves in the nuclear energy sector. Shares of NuScale Power (SMR 32.93%), a nuclear energy company that makes small modular reactors (SMRs), were soaring Wednesday on reports that Amazon (AMZN -0.85%) is interested in using that type of reactor to meet the energy needs of its data centers. NuScale surge also seemed to be getting enhanced by a short squeeze, as a significant percentage of the company's stock is sold short. Potentially positive news like this tends to lead to shorts rushing t ...

SMR development could play a pivotal role in an 'all-of-the-above' energy solution to meet robust electricity demand growth Agreement will explore innovative commercial and financing structures to advance a potential project Dominion Energy committed to the credit and risk profile objectives of the recently concluded business review RICHMOND, Va., Oct. 16, 2024 /PRNewswire/ -- Dominion Energy Virginia and Amazon have entered into a Memorandum of Understanding (MOU) to explore innovative new development stru ...

Core Insights - Interest in nuclear power solutions is increasing, particularly from well-capitalized sectors, as evidenced by the rise in NuScale Power's stock price by over 6% following positive news from a peer company [1] - Kairos Power has signed a development agreement with Google to establish nuclear energy projects totaling 500 megawatts, expected to be deployed by 2035 [2] - NuScale Power specializes in small modular reactors (SMRs) that can be manufactured in pieces and assembled on-site, making them attractive for resource- and time-constrained clients [3] Industry Dynamics - The demand for energy is rising, especially from the technology sector, creating a need for effective generation solutions [4] - NuScale Power is positioned well to capitalize on this trend, offering cost-effective and resource-light solutions [4] - The recent collaboration between Kairos Power and Google follows similar nuclear development agreements made by other tech giants like Microsoft and Oracle, indicating a growing trend in the industry [3]

Core Viewpoint - NuScale Power is making progress with its next-generation nuclear power plant project in Romania, which has positively impacted its stock performance, contrasting with the broader market trend [1]. Group 1: Project Development - NuScale has signed a task order for the supply of services related to a small modular nuclear reactor project in Romania, in collaboration with Fluor Transworld Services [2]. - The project will involve the construction of a nuclear reactor on the site of a former coal plant in Doicesti, Romania [4]. Group 2: Economic and Environmental Impact - The U.S. embassy in Romania has highlighted the project as a model of U.S.-Romanian business cooperation, emphasizing its potential to provide carbon-free power, create jobs, and stimulate economic growth [4]. - The initiative aims to position Romania as a clean energy leader in the region [4]. Group 3: Company Reputation - The project is expected to enhance NuScale's reputation as a developer of small modular nuclear reactors, which represents a modern approach to energy generation [4]. - Investors are optimistic that the company can expand its project portfolio globally, including in regions traditionally resistant to nuclear energy, such as the United States [4].

SINGAPORE, Oct. 10, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ: SAIH, SAITW), announces the signing of two Memorandum of Understanding ("MoUs") concerning HEATNUC products. These MoUs aim to promote cooperation in the Middle Eastern and international small modular reactor sectors while also gaining broader corporate management experience. The MoUs are intended to enhance SAIHEAT's competitiveness in the Middle Eastern and global markets, ...

NuScale Power Corp's (SMR, Financial) stock price currently stands at $12.61, witnessing a slight decline of 1.94% today. Despite this drop, the company's stock has seen an impressive growth trajectory throughout 2024, largely driven by growing interest in nuclear energy alternatives. NuScale Power specializes in small modular nuclear reactors (SMR, Financial) and is strategically positioned to capitalize on the global push to triple nuclear energy capacity by 2050. The company's recent agreements, such as ...

Core Viewpoint - NuScale Power's stock has experienced significant volatility in 2024, with a remarkable increase of over 284% year-to-date, driven by growing investor interest and industry support for small modular nuclear reactors (SMRs) [1][2][6]. Company Summary - NuScale Power is a start-up focused on developing small modular nuclear power plants, which are seen as a reliable and cost-effective alternative to fossil fuels, aligning with global efforts to reduce carbon emissions [2]. - The company’s SMR technology is the first to receive design certification from the U.S. Nuclear Regulatory Commission, and it has secured nearly $600 million in cost-share awards from the Department of Energy [6]. Industry Summary - The nuclear energy sector is gaining renewed attention, with significant backing from major financial institutions and technology companies, including a declaration to triple global nuclear energy capacity by 2050 [3]. - Microsoft and Oracle have recently announced plans to invest in nuclear energy to meet their clean energy goals, indicating a broader trend of corporate support for nuclear power [4][5]. - The U.S. government is also investing in SMR technology, with the Department of Energy planning to allocate $900 million and the Export-Import Bank pledging $98 million for an SMR project in Romania [5]. Analyst Sentiment - Analysts have become increasingly bullish on NuScale Power, with firms like CLSA initiating coverage with an outperform rating and a price target of $11 per share, while Craig-Hallum set a target of $16 per share, citing the company's growth potential [7][8]. - The upcoming third-quarter earnings announcement on November 7 is anticipated to provide insights into the company's commercialization progress and financial health, which could further influence stock performance [9].

Core Viewpoint - NuScale Power, a company specializing in Small Modular Reactors (SMRs), has seen its share price increase by nearly 270% in 2024 despite generating only $1 million in revenue last quarter [1][3]. Company Overview - NuScale Power focuses on developing SMRs, which are smaller than traditional nuclear reactors and can theoretically be constructed more quickly [3]. - The company has received approval from the Nuclear Regulatory Commission (NRC) to build its VOYGR-12 power plants, which can consist of up to 12 NuScale Power Modules (NPMs), each generating 50 megawatts of electricity (MWe) [7][8]. Industry Context - Currently, there are few SMRs operational globally, with construction times for large reactors like VOGTLE 3 and 4 in the US exceeding 10 years [4]. - SMRs offer advantages such as reduced energy loss by being built closer to energy demand and the potential for gradual network expansion [5][6]. Challenges Faced - NuScale has encountered significant setbacks, including the termination of an agreement with the Utah Associated Municipal Power Systems (UAMPS) to build its first operational plant due to escalating costs, which rose from $3 billion to $9.3 billion [9][10]. Market Potential - The demand for nuclear energy is expected to grow, particularly for data centers seeking reliable renewable power sources to meet increasing electricity needs [11][12]. - Despite the company's low revenue, the stock price has surged, reflecting optimism about the future of nuclear energy [12]. Valuation Insights - Analysts suggest that NuScale is currently overvalued, with an average price target of $9.69 indicating a potential downside of 22% [13][14]. - The stock is valued at over 43 times its projected sales for the next twelve months, a figure higher than 98% of publicly traded companies [15]. Analyst Ratings - NuScale Power holds a "Moderate Buy" rating among analysts, but there are concerns regarding its valuation and past implementation failures [15][17].

NuScale Power's technology could make nuclear power widely available for companies and countries looking to reduce their carbon footprints. Companies and governments are striving to meet net zero carbon goals by 2050, and banks have realized that nuclear power will be an important part of these goals. On Sept. 23, several major financial institutions expressed their desire to triple nuclear energy capacity globally by 2050. The declaration came during discussions at Climate Week in New York and has the back ...